IL SB2062

Creates the Illinois Sustainable Investing Act requiring all public agencies and governmental units to develop, publish, and implement sustainable investment policies for all public funds under their control.

Mandates that sustainable investment policies include material, relevant sustainability factors across five categories: corporate governance and leadership, environmental factors, social capital, human capital, and business model/innovation factors.

Requires public agencies to prudently integrate sustainability factors into investment decision-making, analysis, portfolio construction, and due diligence to maximize financial returns, minimize risk, and execute fiduciary duties.

Amends the Deposit of State Moneys Act, Public Funds Investment Act, and Illinois Pension Code to incorporate sustainability factor requirements into State Treasurer, local government, and pension fund investment policies.